logo
10 summer reading picks from business and financial leaders

10 summer reading picks from business and financial leaders

Fast Company13-06-2025
Hello and welcome to Modern CEO! I'm Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning.
A few weeks ago, I published part of my summer reading list. I asked readers and CEOs to respond with their own picks, and they delivered. Here are a few that stand out, in their own words:
Jay Chandan, chairman and CEO, Gorilla Technology Group
Peak Performance Trading and Investing by Bruce Bower
This is a powerful read that strips away the noise and gets to the essence of how elite thinking drives consistent outperformance. Bower distills decades of experience into pragmatic frameworks that are just as relevant in the boardroom as on the trading floor. His insights go well beyond markets; they offer clarity under pressure and sharpen decision-making across any high-stakes environment.
Kathy Crosby, president and CEO, Truth Initiative
Demon Copperhead by Barbara Kingsolver
As someone who's spent years advocating for children in foster care and adoption, this book is both heartbreaking and affirming. Barbara Kingsolver gives voice to the kids too often left out of the national conversation—resilient, overlooked, and deserving of so much more. This story haunts you because it's not just fiction—it's the truth for too many.
Mary Ellen Iskenderian, president and CEO, Women's World Banking
Fintech Feminists: Increasing Inclusion, Redefining Innovation, and Changing the Future for Women Around the World by Nicole Casperson
Through compelling storytelling and rigorous insight, Nicole Casperson shines a powerful light on the women transforming fintech and, in doing so, reshaping the global economy. This is essential reading for anyone committed to building a more equitable and resilient financial system for women everywhere.
Richard Kopelman, CEO, Aprio Advisory Group
The Curiosity Muscle by Diana Kander and Andy Fromm
This book is a powerful reminder of how curiosity fuels progress. Kander and Fromm offer a clear, practical framework that helps teams adapt in fast-changing environments and unlocks their full potential. Their insights have inspired me to think bigger about how curiosity drives growth, avoids stagnation, and keeps us evolving. It's a timely and energizing read for anyone committed to building a culture of forward momentum and continuous learning.
Philip Krim, cofounder and CEO, Montauk Climate
by Javier Blas and Jack Farchy
This book exposes the history behind the behemoths that dominate today's markets around commodities, power, precious metals, and others. Studying how we got here helps inform me on where we are heading.
Andrew McMahon, chair and CEO, Guardian Life Insurance Company of America
Co-Intelligence: Living and Working with AI by Ethan Mollick
I found Co-Intelligence invaluable for its practical insights on how we can all collaborate with AI. The book reinforces Guardian's vision of using AI to enhance how we serve customers and policyholders, make decisions, and scale our impact.
Anthony Scaramucci, founder and managing partner, SkyBridge Capital
Frank Sinatra Has a Cold and Other Essays by Gay Talese
Gay Talese released a fantastic new book, A Town Without Time, in late 2024, that is absolutely worth reading, but I recommend you start with some of his older material, Frank Sinatra Has a Cold and Other Essays. Talese is credited by Tom Wolfe with the creation of a new form of rich nonfiction writing called 'New Journalism.' As long-form journalism recedes in the face of soundbite-driven social media, I encourage readers to dig into work from the greatest storyteller of a generation.
Mike Tiedemann, CEO, AlTi Tiedemann Global
Lords of Finance: The Bankers Who Broke the World by Liaquat Ahamed
This Pulitzer Prize winner offers a rare perspective on the history of the 1920s and the four central bankers that drove the decisions that, while well intended, ultimately led to the Great Depression. There are lessons in this book that rhyme with the world we are living in today, (e.g., currencies, inflation, trade tensions, and crypto). I found it an incredible perspective to gain about a critical time in history.
Hepsen Uzcan, Americas CEO, DWS Group
Right Kind of Wrong: The Science of Failing Well by Amy Edmondson
In my view, this book captures the challenges between managing innovation, regulatory, and market complexities while navigating through the organizational cultural implications, highlighting the importance of psychological safety we need to foster where failures will be embraced. Fail fast to recover faster.
Austin C. Willis, CEO, Willis Lease Finance
Mind Hacking Happiness, Volumes 1 and 2, by Sean Webb
The first volume was a validation of something that I've known for a while . . . if you don't let too many things attach to your 'self' map, you are less apt to get upset or frustrated when those things are attacked or criticized (i.e., Don't let your identity become intertwined with a sports team. That way, when one loses or is criticized, you don't find yourself getting angry.) The second volume took the concepts to a new level and discussed how mindfulness, science, and religion all interact: Specifically, how the pursuit of enlightenment is foundational to nearly all religions, although enlightenment goes by many names, and how different types of science interact with religion.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

This Ivy League student sent a DOGE-style email to 3,805 employees as school costs top $90,000 per year
This Ivy League student sent a DOGE-style email to 3,805 employees as school costs top $90,000 per year

Yahoo

time37 minutes ago

  • Yahoo

This Ivy League student sent a DOGE-style email to 3,805 employees as school costs top $90,000 per year

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. With the annual price of attending Brown University approaching six figures, sophomore Alex Shieh wanted to know where all that money was going. In particular, he wanted to know what the school's thousands of non-faculty employees were doing each day. So, he sent them a DOGE-style email asking that exact question. Now, he's facing disciplinary action. 'The inspiration for this is the rising cost of tuition,' Shieh told Fox News in a story published April 4. 'Next year, it's set to be $93,064 to go to Brown.' Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 4 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how This figure reflects the direct costs associated with attending Brown for one year, as shown on the school's website, including tuition, fees and allowances for food and housing. First-time students are billed an extra $100. Brown's undergraduate enrollment stands at 7,272. To illustrate what he saw as administrative bloat, Shieh compiled a database of 3,805 non-faculty employees, according to Fox News. In an email similar to those sent by Elon Musk's Department of Government Efficiency to federal workers, he asked them: 'What do you do all day?' Shieh says only 20 people responded — some with profane replies — and soon after the university moved to discipline him. "Brown is charging me for misrepresentation — for saying I am affiliated with The Brown Spectator," Shieh said in a follow-up story published by Fox News on April 30. In his emails, Shieh identified himself as a journalist for The Spectator — a long-inactive student journal that Shieh claims he and other students are trying to bring back. 'Brown is also charging me for violating their IT policies for publishing Brown employee data,' Shieh said. A website was created identifying what was deemed to be wasteful spending at Brown, and the names and titles of employees were published. Shieh insisted to the Brown Daily Herald all of the information was publicly available. Brown University, however, expressed a different view. 'In spite of what has been reported publicly framing this as a free speech issue, it absolutely is not,' a university spokesperson told Fox News. 'At the center of Brown's review are questions focused on whether improper use of non-public Brown data, non-public data systems and/or targeting of individual employees violated law or policy.' Whether or not you agree Shieh's approach was an appropriate way to investigate wastefulness, it's an issue many of us deal with in our everyday lives, including in our personal finances. Here are three simple ways to cut waste in your own life in 2025. Car insurance is a major recurring expense, and many people overpay without realizing it. According to Forbes, the average cost of full-coverage car insurance is $2,149 per year (or $179 per month). However, rates can vary widely depending on your state, driving history and vehicle type, and you could be paying more than necessary. By using you can easily compare quotes from multiple insurers, such as Progressive, Allstate and GEICO, to ensure you're getting the best deal. In just two minutes, you could find rates as low as $29 per month. Bank fees can quietly drain your finances over time. In reality, many traditional banks will issue a charge if you don't maintain a minimum balance, along with other actions such as overdrafting. Online banks, on the other hand, typically offer lower fees (or none at all) since they don't have the same overhead costs as brick-and-mortar institutions. Many online banks also offer high-interest checking and savings accounts, allowing you to earn more on your idle cash. Read more: This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Monthly utility bills — electricity, water and heating — can add up fast, but small changes can lead to big savings over time. You can switch to LED light bulbs, unplug devices when they're not in use and use smart thermostats to cut heating and cooling costs. According to the U.S. Department of Energy, simply switching to LED lighting can save the average household about $225 per year in energy costs. You might also want to consider air sealing your home and adding insulation. The U.S. Environmental Protection Agency estimates that by doing so, homeowners can save about 15% on heating and cooling costs, or an average of 11% on their total energy costs. Financial aid only funds about 27% of US college expenses — but savvy parents are using this 3-minute move to cover 100% of those costs Elon Musk just endorsed Warren Buffett's '5-minute' fix for America's multi-trillion debt problem — and 1 Senator is drafting a constitutional change to make it real. Do you think it'll work? Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here's how much the average 60-year-old American has in retirement savings — and 5 critical ways you can secure your nest egg Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

Trump Aims to Shut Trade Loopholes China Uses to Evade Tariffs
Trump Aims to Shut Trade Loopholes China Uses to Evade Tariffs

Yahoo

time41 minutes ago

  • Yahoo

Trump Aims to Shut Trade Loopholes China Uses to Evade Tariffs

(Bloomberg) -- President Donald Trump's two-tiered trade deal with Vietnam aims squarely at practices China has long used to skirt US tariffs: The widespread legal shifting of production to Southeast Asian factories and the murkier and illegal 'origin washing' of exports through their ports. NYC Commutes Resume After Midtown Bus Terminal Crash Chaos Struggling Downtowns Are Looking to Lure New Crowds Massachusetts to Follow NYC in Making Landlords Pay Broker Fees What Gothenburg Got Out of Congestion Pricing California Exempts Building Projects From Environmental Law The agreement slaps a 20% tariff on Vietnamese exports to the US and a 40% levy on goods deemed to be transshipped through the country. With details still scarce, economists said much will hinge on the framework Washington establishes to determine what it sees as 'Made in Vietnam' and what it sees as transshipments. Complicating matters is the fact that Chinese businesses have rushed to set up shop across Southeast Asia since Trump launched his first trade war back in 2018. The lion's share of Vietnam's exports to the US are goods like Airpods, phones or other products assembled with Chinese components in a factory in Vietnam and then shipped to America. That's not illegal. 'A lot will depend on how the 40% tariffs are applied. If the Trump administration keeps it targeted, it should be manageable,' said Roland Rajah, lead economist at the Lowy Institute in Sydney. 'If the approach is too broad and blunt, then it could be quite damaging' for China, Vietnam and for the US, which will have to pay higher import prices, he said. The think tank estimates that 28% of Vietnamese exports to the US were made up of Chinese content in 2022, up from 9% in 2018. Pham Luu Hung, chief economist at SSI Securities Corp. in Hanoi, said a 40% levy on transshipped goods would have limited impact on Vietnam's economy because they aren't of Vietnamese origin in the first place. Re-routed exports accounted for just 16.5% of Vietnam's shipments to the US in 2021, a share that's likely declined over the past couple of years amid stronger enforcement actions by both governments, Hung said. 'An important caveat is that the rules of origin remain under negotiation,' Hung said. 'In practice, these rules may have a greater impact than the tariff rates themselves.' Devil in Details Duncan Wrigley, chief China economist at Pantheon Macroeconomics, said he's skeptical the latest deal will be effective in stamping out Chinese exports via Vietnam to the US. 'The devil is in the details, but I think China's exports will either go via other markets to the US, or some value-added will be done in Vietnam so the product counts as made in Vietnam, rather than a transshipment,' he said. As officials across Asia rushed to negotiate lower US tariff levels with their US counterparts this year, Chinese businesses have been just as quick to ramp up their exports through alternative channels in order to skirt punitive US levies. Shipments from China to Southeast Asia have reached record highs in Indonesia, Malaysia, Thailand and Vietnam this year. And there's been a 'significant increase in correlation' to the region's increase in exports to the US during the same period, Citigroup Inc. economists said in a recent report. Much of that is likely due to the shifting of legitimate production across the region. Goods destined for the US market may be sent from their factories in Southeast Asia, and what they make in their factories in China will be sent to the rest of the world, said Derrick Kam, Asia economist at Morgan Stanley. 'If you try to represent that in the trade data, it will look exactly like rerouting, but it's not,' Kam said. 'It's essentially the supply chain working itself out.' But it's transshipment that's been a major concern for Trump's top trade advisers including Peter Navarro, who described Vietnam as 'essentially a colony of communist China' during an April interview with Fox News. And it's not just been happening in Vietnam. Not long after Trump unveiled his 'Liberation Day' tariffs on April 2, garment makers in Indonesia started receiving offers from Chinese companies to be 'partners in transshipment,' said Redma Gita Wirawasta, chairman of the Indonesian Filament Yarn and Fiber Producers Association. Chinese products would be rerouted to Indonesia, undergo minimal processing like repacking or relabeling, then secure a certification that they were made in the Southeast Asian country, Wirawasta said. When the goods are then exported to the US, they'd be subject to the 10% universal levy that Trump has imposed on nearly all countries, instead of the tariff for China that still equates to an effective level of over 50%, even after a recent 'deal' that lowered levies from a peak of 145%. With the huge scope for arbitrage, coupled with little policing, that process will prove tough to stamp out. 'Chinese exporters and their affiliates and partners in Southeast Asia are highly skilled at adapting to changing rules, identifying loopholes, and sometimes overstating the extent of value-add by non-China countries,' said Gabriel Wildau, managing director at advisory firm Teneo Holdings LLC in New York. Some final assembly or transshipment may shift to rival Southeast Asian transshipment hubs like Cambodia, Thailand and Singapore, or farther afield to Turkey, Hungary or Poland, Wildau said. 'Another possibility is that the definitions and enforcement mechanisms are fuzzy, rendering the latest deal cosmetic and toothless,' he said. 'Rigorous enforcement would also require a significant boost of resources to enable US customs to verify compliance with the tougher rules of origin.' There have been efforts across the region to at least be seen to be making an effort to curb the practice. Indeed, Vietnam has made a big deal about cracking down on trade fraud and illegal activity in recent months. In April, South Korea said it seized more than $20 million worth of goods with falsified origin labels — the majority of which were destined for the US. The Airfreight Forwarders Association of Malaysia issued a warning in May as Chinese brokers promoted illegal rerouting services on social media. Malaysia has centralized the issuance of certificates of origin with its Ministry of Investment, Trade and Industry, while tapping its customs agency to help curb transshipment. Thailand has expanded its watch list for high-risk products, including solar panels, cars and parts, and is mulling stricter penalties for violators. Red Tape Casey Barnett, the president of the American Chamber of Commerce in Cambodia, is already seeing the changes in action. One factory that exports to major US retailers, including Walmart, Home Depot and Lowe's, said that customs officials were very carefully reviewing their products before being sent to the US, he said. 'It's creating some additional paperwork and a little bit of red tape here,' Barnett said. A senior manager at a logistics company in Cambodia, who asked not to be identified because the matter is sensitive, said export processing time has now stretched to as much as 14 working days — double what it was before. But in Indonesia, getting a certificate of origin is fairly quick and painless when goods are marked for export, often just requiring a product list and a letter to the provincial trade office, according to Wirawasta. Authorities prioritize checking products that enter the country to ensure they pay the right duties and comply with regulations, he explained. It's rare for them to inspect factories where an export good was supposedly made. So much so that sometimes, Chinese companies don't even need to muster up some local processing. 'The T-shirt could be finished in China, with a 'Made in Indonesia' label already sewn on,' Wirawasta said. 'Some traders won't even bother to unload the goods from the shipping container,' he added. 'Unloading costs money.' --With assistance from James Mayger, Spe Chen, Nguyen Kieu Giang and Jacob Gu. SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too America's Top Consumer-Sentiment Economist Is Worried How to Steal a House China's Homegrown Jewelry Superstar Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Province touts positive fiscal numbers for N.B., but economist urges caution
Province touts positive fiscal numbers for N.B., but economist urges caution

Yahoo

time43 minutes ago

  • Yahoo

Province touts positive fiscal numbers for N.B., but economist urges caution

While a report on the New Brunswick economy is showing largely positive numbers, one economist warns the financial winds may have already shifted. The provincial government released its "2024 Economy in Review" on Wednesday. The report indicates the provincial economy grew by 1.8 per cent last year, slightly up from 1.7 per cent growth in 2023. In a statement on the province's website, Finance Minister René Legacy said that while there was uncertainty, "these results are encouraging." But Herb Emery, an economist at the University of New Brunswick, said any results may already be out of date. "It fits with sort of an attempt that's going on in the region to put forward a positive spin," "We already know that those statistics are out of date, and we're forecast to have the slowest growth in New Brunswick of all the provinces in the upcoming year." The 'real economy' Emery said none of the positive economic movement is related to the "real economy," including manufacturing. He points to a population that increased 2.7 per cent as a complicated driving factor in the positive economic numbers. While the province said the increase was largely attributable to immigration from outside Canada, it also includes migration from within Canada, and the demographics wouldn't point to an economic boon for the province. "A lot of that immigration wasn't working age population," Emergy said. "It's just people who want to reside here and have sources of income like pensions from somewhere else." Emery also said much of the positive job numbers, employment rose by 2.9 per cent, aren't economically sustainable. "It's really been government spending and government employment that's been driving a lot of that growth," he said. Trump and Carney Emery said the future of the province's economy will largely be affected by two men, Prime Minister Mark Carney and U.S. President Donald Trump. With Trump, the issue is his capricious treatment of Canada since he started a trade war, and the usually strong trading relationship between Canada and the United States. "This is Trump's thing … you have to get Donald's approval to get into anything," Emery said. "By creating that kind of world where it's your relationships with people and not rules, it's going to create a lot of transaction costs." As for Carney, the prime minister will have several competing visions about what projects to support and where to cut expenditures, Emery said. It's not certain the province will come out in a better position. "We're so heavily dependent on the federal government to do anything in this province … that if those federal transfers get squeezed, if not cut, in the next five years … then we're going to have our own fiscal crisis in the province that's going to limit what we can do in terms of economic development. Among other findings in the report on 2024: Employment rose 2.9 per cent, the fourth consecutive year of growth. The labour force grew 3.5 per cent, making for a higher unemployment rate, which, at seven per cent, was still lower than it was during most of the last 50 years. Labour shortages eased, turning to levels close to those before the COVID pandemic. Average weekly earnings were about $1,145, up 3.7 per cent, which is not as high as the national increase. Retail and manufacturing sales were up 3.3 per cent and 1.6 per cent respectively.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store